Average homeowners insurance cost in New York

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Home insurance in New York costs an average of $1,660 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. American Family offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Based on our data, homeowners insurance in New York costs an average of $1,660 per year.
Among all ZIP codes in New York, 14564 has the most affordable rates, averaging around $1,175 annually.
For the lowest insurer rates in New York, American Family comes in at an average annual premium of $1,085.

What is the average cost of homeowners insurance in New York?

The average homeowners insurance premium in New York is $1,660 per year. That figure is based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in New York? Cost by coverage level

On average, homeowners in New York pay $1,660 a year for insurance – a figure based on $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Raising your dwelling coverage from $300,000 to $400,000, with the same liability and deductible, brings the average annual cost to $2,121 in New York.

The table below shows average homeowners insurance costs in New York for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,226	$102
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,248	$104
$300,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,660	$138
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,683	$140
$400,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$2,121	$177
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$2,139	$178
$600,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$2,992	$249
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$3,021	$252
$1,000,000 with $2,500 Deductible and $200,000 Liability and 2% Hurricane	$4,604	$384
$1,000,000 with $2,500 Deductible and $300,000 Liability and 2% Hurricane	$4,629	$386

Average home insurance cost in New York by insurer

American Family offers the most affordable homeowners insurance in New York, at an average annual premium of $1,085, followed by NYCM Insurance and State Farm.

You can save hundreds – if not thousands – of dollars each year by shopping around.

Below are the average annual and monthly insurance rates for New York homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
American Family	$1,085	$90
NYCM Insurance	$1,231	$103
State Farm	$1,257	$105
Nationwide	$1,484	$124
Travelers	$1,714	$143
AIG	$1,845	$154
Chubb	$1,998	$167
Heritage Insurance Holdings	$2,032	$169
Allstate	$2,106	$175
Farmers	$3,036	$253

How to lower your home insurance rate

Shop around. Don’t settle for the first quote. Compare rates from at least three to four insurers to find the best deal in New York.
Bundle your policies. Adding home and auto (or renters and auto) to the same provider often unlocks significant multi-policy discounts.
Ask about smart home discounts. Installing security systems, smoke detectors, or water leak sensors can reduce your premium.
Check for other savings. Ask about loyalty discounts, claims-free rewards, or upgrades like fire-resistant roofing.

How does your ZIP code affect home insurance rates in New York?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across New York.

Most affordable ZIP codes for home insurance in New York

14564 has the lowest average home insurance rates in New York, with homeowners paying around $1,175 per year.

Home insurance rates aren’t uniform across New York. Your ZIP code, in particular, is one of the biggest reasons prices differ from one area to the next.

Below are average rates for some of the most affordable ZIP codes in New York.

ZIP code	Average annual rate	Average monthly rate
14564	$1,175	$98
13120	$1,195	$100
13084	$1,197	$100
13153	$1,203	$100
13110	$1,210	$101
13060	$1,212	$101
14070	$1,215	$101
14468	$1,229	$102
14086	$1,230	$103
14026	$1,232	$103

Most expensive ZIP codes for home insurance in New York

11930 carries the highest average home insurance rates in New York, at $3,246 per year.

ZIP codes with higher premiums typically reflect a combination of elevated crime, greater natural disaster exposure, and higher local costs of living and construction.

Below are average rates for some of the most expensive ZIP codes in New York.

ZIP code	Average annual rate	Average monthly rate
11930	$3,246	$270
11937	$3,225	$269
11949	$3,198	$267
11944	$3,187	$266
11939	$3,178	$265
11971	$3,173	$264
11965	$3,167	$264
11970	$3,154	$263
11976	$3,095	$258
11975	$3,084	$257

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in New York by city

See rates in your city

New York

What’s the trend in home insurance rates for New York?

From the span of 2023 to 2025, New York saw home insurance rates increase by 6%, in line with how the state’s insurance market has been trending overall.

The table below breaks down the year-over-year rate changes going back to 2022:

2022 rates	2023 rates	2025 rates
$1,503	$1,566	$1,660

What are the best homeowners insurance companies in New York?

Based on our data, Chubb stands out as the top choice in New York. It earns an AM Best rating of A++ and holds one of the lowest NAIC complaint scores statewide-a strong sign of both reliability and customer satisfaction.

To pinpoint the most trustworthy insurers, we measured each company against two benchmarks:

AM Best Ratings gauge a company’s financial strength and its ability to pay claims when you need it most.
NAIC Complaint Scores compare how often a company is the subject of complaints relative to its size, with lower scores pointing to fewer problems.

Looked at together, these benchmarks give a dependable picture of an insurer’s financial footing and the experience you can expect as a customer. The table below ranks the leading companies in New York by annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
Chubb	$1,998	A++	0.07	4.84
Travelers	$1,714	A++	0.91	4.83
State Farm	$1,257	A+	1.15	4.78
American Family	$1,085	A	1.07	4.7
Allstate	$2,106	A+	1.26	4.67
AIG	$1,845	A	0.14	4.65
Nationwide	$1,484	A	1.34	4.64
NYCM Insurance	$1,231	A-	0.17	4.63
Farmers	$3,036	A	0.89	4.47

How to understand insurer ratings and complaint data

Picking an insurer really comes down to whether they pay when you file a claim, and whether they treat you well along the way. You don’t have to guess – independent rating agencies track this data so you can choose with confidence, whether you’re signing up or renewing.

These are the two ratings we’ve used:

AM Best is a global agency that scores insurers on their financial strength and ability to pay claims. The higher the rating, the more stable the company.
NAIC Complaint Index, run by the National Association of Insurance Commissioners, tracks consumer complaints. A score of 1.00 is the industry average; below 1.00 means fewer complaints than expected for the company’s size, and above 1.00 means more.

What factors affect your home insurance rate?

Insurers price home insurance based on the level of risk your property and profile represent. They decide that based on:

Where you live. Local crime rates, weather exposure, and claims frequency in your neighborhood all influence your rate.
Your claims history. A history of past claims typically results in a higher premium.
Your credit-based insurance score. In most states, a lower credit score can mean a higher premium (Restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. Higher coverage or a lower deductible will increase what you pay.

It’s also worth noting that home insurance costs have been rising broadly. According to S&P Global Market Intelligence’s RateWatch application, premiums for owner-occupied homes climbed more than 11% nationwide in 2023.

Resources and Methodology

Sources:

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed August 2026.

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

All quoted rates are for comparison purposes and individual premiums may vary.

Read more about our research standards and methodology.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.